For Your Finances

Minimum essential coverageUnder the Affordable Care Act, virtually every legal U.S. resident will be required to obtain coverage or pay a tax penalty. Learn what qualifies as coverage and the potential tax penalties. Read more

Penalties for no minimum essential coverageThe tax penalty for individuals and families not complying with the law will increase each year based on the greater amount: a rising annual flat dollar charge or percentage of annual household income. Read more

Funding the Affordable Care ActHow Affordable Care Act funding could lead to higher costs for consumers. Read more

Fees provide some funding for the ACAThe Congressional Budget Office predicts the Affordable Care Act will cost on average $100 billion a year over the next 10 years. Fees will cover some costs, but employers and consumers likely to pay more as cost increases get passed along. Read more

Actuarial value and minimum value definedThese two important terms are frequently and imprecisely used interchangeably in discussions about the Affordable Care Act. Learn the difference between them and be in the know. Read more

Flexible Spending AccountsThe maximum amount you can contribute to your flexible spending account in 2013 has changed. Read more

New cost-sharing limits on non-grandfathered health plansBeginning in 2014, health plans must limit the amount consumers pay out-of-pocket for essential health benefits. Learn what the new limits are and what will count toward out-of-pocket maximum. Read more

Potential threat to retiree drug subsidy (RDS) The Affordable Care Act is eliminating the tax deduction that employers have been able to take by providing retiree drug subsidies. Read more